Daily Newsletter: Friday July 5, 2013

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30 Year Fixed

                                                                4.73%
                                                                  
                                                                +0.30

15 Year Fixed

                                                                3.83%
                                                                  
                                                                +0.21

10YR Treasury

                                                                2.73%
                                                                  
                                                                +0.2273

FNMA 30YR 3.5

                                                                98-31
                                                                  
                                                                -2-00

FNMA 15YR 2.5

                                                                101-18
                                                                  
                                                                -1-07

View Today's Rates

Friday July 5, 2013

MBS Commentary - 12:08PM

MBS MID-DAY: Black Wednesday Loses 'Worst-Ever' Status

MBS Live : MBS Morning Market Summary Fannie 3.5s ended Wednesday's session at the exact same 100-31 price that Fannie 4.5s ended the session before Black Wednesday in 2009. Considering ...

MBS Commentary - 8:44AM

MBS SPECIAL ALERT: Bond Markets Reeling after NFP Beats Estimates

Bond markets had already been on the ropes during the overnight session with 10yr Treasuries rising as high as 2.58 before the domestic open. Some of the weakness came on gradually ...

Mortgage Rate Watch - 5:23PM

Among The Worst Days in Mortgage Rate History

Historical data has its limitations when it comes to mortgage rates . For instance, the longest-running series are only updated once a week, making it hard to determine exactly where ...

Community Commentary - 7:06PM

Do's and Don't's For a Smooth Mortgage Process: Part 6

Here's another weekly installment of Do's and Don't's for prospective borrowers embarking on, or already engaged in the home mortgage process. In case it needs to be said, the " Don ...

Latest Video

10-Year Treasury Could See 2.90%: Expert

Santelli's Midday Bond Report

The Week Ahead: Earnings Season Begins

More News from 'Around the Web'

CNBC - 5:16PM
Market Now Expecting Fed Taper in September: CNBC Survey
Bloomberg - 5:16PM
Bank of America Boosts U.S. 10-Year Yield Forecast to 3% on Jobs - Bloomberg
Reuters - 5:15PM
Ally's ResCap unit files bankruptcy plan
CNBC - 3:00PM
Latest Job Gains Are Another Fed Taper Trigger
Bloomberg - 2:29PM
Lending Discrimination Case at Supreme Court in Settlement Talks - Bloomberg
WSJ - 1:07PM
Some Troubling Signs In June's Jobs Report
www.nytimes.com - 1:04PM
Mortgages: Pre-Closing Credit Checks
Bloomberg - 1:04PM
Bernanke Seen Holding to QE Tapering Plan After Payrolls Report - Bloomberg
Bloomberg - 1:00PM
Mortgage REITs Slide Most Since 2011 as Data Stoke Fed Concern - Bloomberg
CNBC - 12:59PM
Jobs Picture Improves-but Not in Manufacturing
WSJ - 11:16AM
Economists React: Good Enough for the Fed to Pull Back
WSJ - 11:15AM
Five Takeaways From the Jobs Report
WSJ - 11:15AM
Real-Estate Rebound Buoys Underwater Mortgage Borrowers
Reuters - 10:26AM
Banks may have to hold even more capital to cover risk
CNBC - 8:47AM
U.S. Creates 195,000 Jobs in June vs. 165K Est.; Unemployment Rate 7.6% vs. 7.5% Est.
Reuters - 8:42AM
Bernanke to make July 10 speech on Fed's policy record
CNBC - 8:10AM
US Stocks Seen Higher With Jobs Reports in Focus

Today's Comments

	MBS Commentary - 9:17AM "I don't get it... if the US job growth is stronger than expected, why is the 10-year treasury note interest rising? If the economy is improving, shouldn't more people want to buy US debt? Shouldn't the rate go down?..."
	MBS Commentary - 9:40AM "As the economy improves, interest generally go up being that investors in businesses are willing to pay more to borrow money because the profit opportunities are even better. This also means that savers with money to invest would feel they have more upside in stocks rather than in bonds which just pay..."
	MBS Live Chat - 1:14PM "Well, it's almost noon here on a Friday. Martini time. I've been needing an excuse to crack the seal on that Grey Goose anyway..."
	MBS Live Chat - 1:15PM "Great to see solid PT job growth in this morning's report; just what we need to get this economy going again. Seriously awesome. Who cares that no one wants to point that out. It doesn't mean they're ignoring it. Just means there so excited that they're speechless. It's the true gem in this solid report..."
	MBS Live Chat - 1:26PM "these next few months should be interesting..."
	MBS Live Chat - 1:26PM "Is anyone else concerned that there will be another sell off on Monday when people start getting back?..."
	MBS Live Chat - 1:29PM "I am, AP. I said that earlier. I knew I shouldn't have checked back in. Pros and cons to MBSLive Mobile. Mostly pros, just not today...."
	MBS Live Chat - 1:39PM "REPRICE : 1:39 PM - BB&T Worse..."
	MBS Live Chat - 2:02PM "i think best execution on 30 year fixed is now at 4.75-4,875..."
	MBS Live Chat - 4:06PM "Higher rates make this website and the connections we have to one another even more valuable...."

Today's Rates

Best Execution

Rate

Change

30 Yr FRM

4.73%

+0.30

15 Yr FRM

3.83%

+0.21

FHA 30 Year Fixed

4.56%

+0.31

Jumbo 30 Year Fixed

4.78%

+0.37

5/1 Yr ARM

3.25%

+0.22

Current Mortgage Rates »

What are best-execution rates?

Average Mortgage Rates

Rate

Points

Change

FHFA *

15 Yr. Fixed

3.03%

0.84

+0.07

30 Yr. Fixed

3.77%

1.20

+0.03

MBA **

30 Yr. Fixed

4.58%

0.43

+0.12

15 Yr. Fixed

3.64%

0.44

+0.09

30 Yr. Jumbo

4.68%

0.38

+0.16

30 Yr. FHA

4.27%

0.44

+0.07

5/1 ARM

3.33%

0.31

+0.27

Freddie Mac **

30 Yr. Fixed

4.29%

0.70

-0.17

15 Yr. Fixed

3.39%

0.70

-0.11

1 Yr. ARM

2.66%

0.40

+0.00

5/1 Yr. ARM

3.10%

0.70

+0.02

Current Mortgage Rates »

* FHFA averages are updated monthly.
** Mortgage Bankers Association (each Wednesday) and Freddie Mac (each Thursday) averages are updated weekly.

Secondary Markets

MBS

Price

Change

30YR FNMA 3.0

94-30

-2-10

30YR FNMA 3.5

98-31

-2-00

30YR GNMA 3.0

95-21

-2-27

30YR GNMA 3.5

99-18

-2-08

15YR FNMA 3.0

101-18

-1-07

15YR FNMA 2.5

98-14

-1-23

Treasuries

Yield

Change

2 YR

0.3988%

+0.0356

5 YR

1.6061%

+0.1904

10 YR

2.7305%

+0.2273

30 YR

3.7033%

+0.2102

Prices as of: 7/5/2013 4:31PM EST

Current MBS / Treasury Prices »

MBS and Treasury data provided by Thomson Reuters.

Mortgage News Daily and MBS Live! are exclusive re-distributors of Real Time Thomson Reuters Mortgage Information.

Secondary Marketing Managers:
If you are interested in gaining access to the most accurate real-time back-month TBA indications from Thomson Reuters and Tradeweb. Request More Information

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments. Rates and terms are subject to change without notice.

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